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Softing AG — Earnings Release 2008
May 8, 2008
405_rns_2008-05-08_1362caf1-1019-4654-98ce-60fd775a24e5.html
Earnings Release
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Corporate | 8 May 2008 07:42
Softing announces double-digit growth in incoming orders, sales and earnings
Softing AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Softing today announced that it once again started a new financial year
with record figures. Although results in the first quarter of last year
were very positive as well, the Softing Group was again able to
significantly improve all of its key figures.
Incoming orders reached EUR 8.8 million, which is an increase of
approximately 25% year on year. At more than 15%, the growth in incoming
orders was particularly strong in Industrial Automation. Softing's sales
grew by approximately 11% to more than EUR 7 million. Earnings before
interest and taxes (EBIT) amounted to around EUR 631,000, up more than 25%
compared to the first quarter of 2007.
The program for increasing productivity and focusing on high-growth
services and products has been especially effective. It has played a key
role in enabling both divisions, Industrial Automation (sales share approx.
55%) and Automotive Electronics (sales share approx. 45%) to demonstrate
their excellent performance and potential.
For the full year, Softing expects sales of more than EUR 31 million and
EPS to grow by more than 30% to EUR 0.29.
The complete Quarterly Report 1/2008 can be downloaded in PDF format from
the investor relations section at www.softing.com.
About Softing:
Softing is a global provider of hardware and software for industrial
automation and automotive electronics. The company develops high-quality
standard technology products in close cooperation with its customers.
The Industrial Automation division has established itself as a specialist
provider of fieldbus technology and as a competent partner for the
networking of automation systems. Softing develops solutions for its
customers to connect and diagnose devices, controls and systems involved in
the exchange of data.
The powerful tools and solutions offered by its Automotive Electronics
division have made Softing a systems partner to automobile manufacturers as
well as systems and control unit suppliers. Softing specializes in vehicle
communication, diagnostics and test systems.
As of March 31, 2008, Softing had a cash position of EUR 5.2 million.
Following the acquisition of INAT GmbH, Softing plans further organic and
external growth to continue its expansion, which has been ongoing for the
past years. As a result, sales in the near future will have almost doubled
compared to 2001.
Content:
Dr. Wolfgang Trier
Phone.: +49(0)89 45656 0
Email: [email protected]
Technical realisation:
Emilio Kokot
Phone: +49(0)89 45656 311
Email: [email protected]
08.05.2008 Financial News transmitted by DGAP
Language: English
Issuer: Softing AG
Richard-Reitzner-Allee 6
85540 Haar
Deutschland
Phone: +49 (0)89 456 56-333
Fax: +49 (0)89 456 56-399
E-mail: [email protected]
Internet: www.softing.com
ISIN: DE0005178008
WKN: 517800
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service